Y Intercept Hong Kong Ltd Reduces Position in Boot Barn Holdings, Inc. $BOOT

Y Intercept Hong Kong Ltd reduced its position in Boot Barn Holdings, Inc. (NYSE:BOOT) by 44.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,628 shares of the company’s stock after selling 3,667 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Boot Barn were worth $703,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BOOT. Bessemer Group Inc. increased its holdings in Boot Barn by 134.2% in the second quarter. Bessemer Group Inc. now owns 185 shares of the company’s stock valued at $28,000 after buying an additional 106 shares during the last quarter. Maseco LLP bought a new stake in Boot Barn in the second quarter valued at about $40,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in Boot Barn in the first quarter valued at about $44,000. Bayforest Capital Ltd bought a new stake in Boot Barn in the first quarter valued at about $48,000. Finally, Parallel Advisors LLC increased its holdings in Boot Barn by 512.6% in the second quarter. Parallel Advisors LLC now owns 533 shares of the company’s stock valued at $81,000 after buying an additional 446 shares during the last quarter.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Seaport Res Ptn lowered Boot Barn from a “strong-buy” rating to a “hold” rating in a report on Monday, October 27th. UBS Group lifted their target price on Boot Barn from $241.00 to $248.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Zacks Research upgraded Boot Barn from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 30th. Cowen restated a “buy” rating on shares of Boot Barn in a research note on Thursday, October 30th. Finally, Jefferies Financial Group downgraded Boot Barn from a “buy” rating to a “hold” rating and decreased their target price for the company from $187.00 to $175.00 in a research note on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $195.25.

Boot Barn Trading Up 1.5%

Shares of NYSE BOOT opened at $187.52 on Thursday. The stock has a 50 day simple moving average of $180.53 and a 200-day simple moving average of $163.68. The company has a market cap of $5.73 billion, a PE ratio of 27.74, a P/E/G ratio of 1.94 and a beta of 1.61. Boot Barn Holdings, Inc. has a 12-month low of $86.17 and a 12-month high of $205.31.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.11. The business had revenue of $505.40 million during the quarter, compared to the consensus estimate of $493.70 million. Boot Barn had a return on equity of 18.41% and a net margin of 10.05%.The business’s revenue was up 18.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.95 earnings per share. Boot Barn has set its Q3 2026 guidance at 2.470-2.590 EPS. FY 2026 guidance at 6.750-7.150 EPS. Sell-side analysts forecast that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Boot Barn news, Chairman Peter Starrett sold 6,498 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $190.00, for a total value of $1,234,620.00. Following the completion of the sale, the chairman directly owned 9,599 shares in the company, valued at $1,823,810. This represents a 40.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.66% of the stock is owned by company insiders.

About Boot Barn

Boot Barn Holdings, Inc, a lifestyle retail chain, operates specialty retail stores in the United States. The company's specialty retail stores offer western and work-related footwear, apparel, and accessories for men, women, and kids. It offers boots, shirts, jackets, hats, belts and belt buckles, handbags, western-style jewelry, rugged footwear, outerwear, overalls, denim, and flame-resistant and high-visibility clothing.